Agree BINBIN, speculation on your part.
No need for a cap raise.
They have enough funds and capital to get into hard rock production which will be in a few months (June). If you look at Pac Partners research it estimates in FY24 (starting July 23) $69.5m of cash flow of which free cashflow is $26m.
All of which is there's as the JV only relates to the LGS and tailings.
They certainly don't need to issue more shares at current levels.
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